Celsius' (CELH) "Buy" Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Celsius (NASDAQ:CELH - Free Report) in a report published on Thursday,Benzinga reports. Needham & Company LLC currently has a $47.00 price target on the stock.

Several other brokerages have also recently issued reports on CELH. Roth Mkm reaffirmed a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. LADENBURG THALM/SH SH reduced their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus cut their target price on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Truist Financial raised Celsius from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.

Celsius Trading Up 3.6%

CELH traded up $1.30 during trading on Thursday, reaching $37.64. The stock had a trading volume of 9,776,913 shares, compared to its average volume of 8,015,472. The stock's 50 day moving average is $36.34 and its two-hundred day moving average is $30.39. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 85.55, a P/E/G ratio of 2.90 and a beta of 1.65. Celsius has a one year low of $21.10 and a one year high of $80.35.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Celsius's revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that Celsius will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. The trade was a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock worth $1,532,000 after buying an additional 26,801 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Celsius by 5.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock worth $587,000 after buying an additional 1,100 shares during the period. Triumph Capital Management raised its stake in shares of Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company's stock worth $1,065,000 after buying an additional 11,863 shares during the period. Capital Advisors Inc. OK acquired a new position in shares of Celsius during the 4th quarter worth approximately $527,000. Finally, Jones Financial Companies Lllp raised its stake in Celsius by 21.9% in the 4th quarter. Jones Financial Companies Lllp now owns 17,350 shares of the company's stock valued at $457,000 after purchasing an additional 3,116 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.